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SUBSEQUENT EVENTS
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9 Months Ended |
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Jun. 30, 2012
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| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS |
NOTE 10 – SUBSEQUENT EVENTS
On July 9, 2012, the Company received a notice of exercise for 30,000 warrants to purchase common stock through a cashless exercise. The cashless calculation amounted to 13,333 shares of common stock which were issued on July 17, 2012.
On July 17, 2012, the Company issued 50,000 warrants as prepayment for scientific consulting work to be completed over a one year period. Such warrants have an exercise price of $0.97, will be exercisable for a three year period, and vest in equal quarterly installments over the one year consulting period.
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- Details
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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